Daily Business News

All three indexes registered gains over one percent today despite continuing concerns of investors over the fate of Spain’s banking system, and now the possible bailout of Italy. CNNMoney tells us the Dow Jones Industrial Average gained +162.57 points, +1.31%, to close at 12,573.80. The Nasdaq rose +1.19 percent to 2,843.07, while the S&P gained +1.17 percent to 1,324.18. The Yahoo! Finance Manufactured Housing Composite rose +2.49 percent to close at 1,025.0. Housing stocks we track all closed on the positive side, or even, except Third Avenue Value Fund, which lost -0.56%, -0.24, to close at 42.37 (6-11). Deer Valley gained the most of stocks we follow, adding +6.67%, +0.80, to close at 0.80. Affiliated Managers Group 102.40 +0.79 (+0.78%). Cavco Industries 48.25 +2.41 (5.26%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 121,850 +1,135.00 (+0.89%). Champion, Liberty Homes, and Palm Harbor all remained unchanged. Drew Industries 27.27 +0.22 (+0.81%). Equity Lifestyle Properties 67.88 +0.46 (+0.68%). Louisiana Pacific Corp. 9.67 +0.18 (+1.90%). Nobility Homes 6.41 +0.068 (+1.07). Skyline Corp. 4.26 +0.05 (+1.19%). Sun Communities 41.40 +0.56 (+1.37%). United Forest Products, Inc. 37.83 +0.67 (+1.84%). UMH Properties 10.20 +0.14 (+1.39%).

(Graphic credit: CNNMoney and RealTick)